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Merrill Commercial Real Estate Arranges $18M Portfolio Sale in Redding, California

REDDING, Calif. — Merrill Commercial Real Estate has arranged the sale of a two-property portfolio made up of 151 units of assisted living and memory care in Redding.

The properties went under contract pre-pandemic. Since that time, the occupancy dropped nearly 20 percent as a COVID outbreak in one of the locations took a toll. Despite this, the buyers stuck with the deal.

A private equity group looking to expand in California acquired the properties from an independent owner-operator for $18 million.

Tyler Merrill arranged the transaction.

The post Merrill Commercial Real Estate Arranges $18M Portfolio Sale in Redding, California appeared first on Seniors Housing Business.

Source: Senior Housing Business

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